Microsoft has officially announced Forza Motorsport 5, developed exclusively for Xbox One. The next iteration of the popular racing franchise will be developed by Turn 10 Studios. A trailer was shown at today'x Xbox event, detailing impressive graphics and detail.

Forza Motorsport 4 for the Xbox 360 was noticeably lacking in one major car maker, Porsche. Developer Turn 10 Studios chalked this up to an inability to reach an agreement with Electronic Arts to sub-license Porsche cars. That was then, this is now, and in May, Porsche will return to the Forza franchise with a robust expansion pack that will add 30 new cars to Forza 4's livery — 7 of them new to the series.

Forza Motorsport 4 may have shipped just last year, but fans of racing games will have another entry in the series to look forward to this year. Forza Horizon, "the next Forza experience," according to Turn 10 Studios creative director Dan Greenawalt, will be arriving this fall.

But Forza Horizon won't be a Turn 10 Studios creation, as new developer Playground Games is behind the wheel of the mysterious new entry.

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